End of financial year payroll solutions you can count on
Our end of financial year payroll tools make reconciliation and reporting a breeze.
Your end of financial year payroll to do list just got shorter
foundU's smooth EOFY payroll automations handle critical updates and processes, reducing the administrative burden when June 30 comes around.
Navigate minimum wage increases
Use our precise wage increase tool to update wages across your entire workforce on any required date.
Simplify STP finalisation
Ace your ATO reporting obligations with our Single Touch Payroll (STP) Phase 2 compliant integration.
Adapt to legislative updates
When tax and superannuation requirements change, we update our platform, so you can easily adapt.
Get organised in the lead up to EOFY
Automatically send all employee payroll data, including salaries, wages, PAYG withholdings, and superannuation to the ATO each pay cycle, making EOFY that much easier. When it gets closer to June 30, you can also easily review your employee lists and cross check your payroll data and STP reports to make sure that pay, deductions, leave entitlements, income type, and allowances are marrying up.
Automate compliance
foundU automatically updates new tax brackets and super guarantee percentage increases on the correct dates. Forget about manual updates, reduce the risk of errors, and have peace of mind when the new financial year kicks in. Hit your deadlines and remain compliant with confidence.
Manage minimum wage increases
It can be hard to roll out annual minimum wage increases across your entire workforce and all locations if your system is rigid. That’s why we streamlined the process. Simply set the increased rates for your award and above-award employees, any new charge rates, and start dates, then foundU will apply the rules when calculating pay. Our customer success team can also provide wage increase assistance if you need a little bit of extra help.
Reconcile with ease
Ensure that the data you send to the ATO aligns with your payroll data. foundU has detailed help guides, tools, and formulas for reconciling gross wages, PAYG, and superannuation. You can consolidate your year to date and line item data into a single report, allowing you to identify discrepancies and reconcile fast. View your advanced payroll and STP reports side by side and group your data by paying entity and employee while you run your checks.
Finalise STP with confidence
We’ve made closing out the current financial year and finalising your submitted ATO records a breeze. Our user-friendly STP finalisation page helps you identify and resolve any outstanding errors. Generate your final pay slips for the current financial year, reconcile, apply fringe benefits tax, complete your STP finalisation, notify employees so they can submit their tax returns, and knock EOFY out of the park!
"Our human resources team used to dread End of Financial Year, as it was time consuming and laborious. Since implementing foundU, we have been able to streamline the process for both our HR team and employees."
- Nicky Sloan, Chief People Officer at City Venue Management
Popular features that help you navigate end of financial year payroll
Payroll
Use the operational data flowing through foundU to pay with precision throughout the financial year, then report and reconcile with ease.
Customer Support
Our local customer support team is available to answer your EOFY queries via email, on the phone, or in-person.
Employee Management
Store all of your team’s information in one secure place and use their positions and locations to get pay right throughout the financial year.
